Find out all about Marine RTO contract terms

An RTO (Rent to Own, or leasing) is a contract signed between the future charterer of a boat and a credit company (lender). The charterer chooses the make and the type, as well as the individual specifications of the chartered boat, from a builder or dealer of his or her choosing. This personalised financing solution allows for a boat to be chartered, with an option to purchase at the end of the contract term. Below is an outline of the marine RTO contract conditions.​

The RTO allows you to finance any type of leisure craft

An RTO (Rent to Own) contract is a financing method suited to any type of boat, whether new or used and subject to VAT: sailing multihulls (catamarans, trimarans…) and monohulls (centreboarders, keelboats, cruising boats…), motor boats, RIBs…

This type of contract offered by LIZmer is available to European citizens and is restricted to vessels flying the British or French flag.

Note that financing a boat using an RTO allows the vessel’s equipment to be included.

Cost of a marine leasing contract

The total cost of a marine RTO contract (or leasing) is assessed by our specialist teams, taking into account:

The purchase price of the boat and additional equipment,

The down payment from the charterer in the form of a higher initial charter payment,

The duration of the leasing contract (from 36 to 180 months),

The purchase option at the end of the contract,

The insurance cover provided by one of our partners or an insurance company of your choice,

The regulations and rates currently in force.

The cost of a marine RTO defined in the contract therefore comprises:

The down payment transferred in the form of an initial higher charter fee (from 20% to 50% of the VAT-inclusive purchase price of the boat).

The total of the charter payments made during the term defined by the leasing contract.

Marine leasing: a made-to-measure solution

Note that our leasing contracts (RTO) are flexible and can be increased as well as decreased: you have, for example, the option to increase the amount of each charter payment in order to reduce the term of your marine RTO contract.*

With LIZmer, your marine RTO is adaptable, you can make partial early payments.*

Dynamic, you can incorporate equipment for the boat during the course of the life of the contract.*

Finally, transferable, you have the option to transfer your contract if you introduce a new charterer.*

*Subject to acceptance by Capitole Finance-Tofinso and the contractual conditions and rates in force.

End of a marine leasing contract: 2 different options

It is possible to conclude a marine RTO contract, at the end of the charter period subject to the conditions set out in the contract. Alternatively, should you wish to conclude your contract before the end of its term, you will have to pay a cancellation fee.

At the end of the marine leasing contract

You have made the final charter payment as set out in the RTO contract. Two options are available to you:

Not to exercise your right to purchase: the boat is consequently returned to LIZmer.

Exercise your right to purchase and so become owner of the boat.

Prior to the end of the marine leasing contract

You have not completed the charter payments and wish to prematurely conclude your marine RTO contract for various possible reasons (change of circumstances, looking for a boat more suited to your needs, etc.)

You can either find another charterer who wishes to take over the RTO contract with LIZmer subject to the conditions subscribed to in the original contract.** In this case, you are not required to pay the remain charter fees.

Or you can pay the remaining charter fees due and exercise the option to purchase in advance, and so become owner of the boat. You would then be able to sell the boat.

**Subject to acceptance by Capitole Finance-Tofinso and following the required legal period of retraction.

About us

Subsidiary of the Caisse d’Epargne de Midi-Pyrénées, Capitole Finance-Tofinso has been helping private individuals and companies for over 40 years with their investment projects.

Backed by France’s 2nd-leading banking group (BPCE), our key concerns are to be attentive, flexible and reactive, qualities we regard as essential to a harmonious commercial relationship and to establishing a lasting collaboration with you.